NBER Working Paper No. 2949. Issued in April 1989. NBER Program(s): ME. This study investigates the stability of long-run log-linear demand functions for narrowly defined monetary aggregates (M1, Monetary Base) in the U.S. during the post World War II period. The hypotheses that the individual time series which appear in such equations (real M1, real Monetary Base, real Personal Income and short-term and long-term nominal interest rates) all have unit roots cannot be rejected.
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Generally speaking, the wall measures about 23 to 26 feet tall. The fracture surface of the wall is ladder type with the base measuring about 7.1 yards wide and the top measuring 6.3 yards wide on average, which makes it firm and very unlikely to collapse.